Thursday, January 10, 2008

AUSTIN, Texas & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of GE (NYSE: GE), is investing in a $350 million, 166-megawatt wind generation project to supply Austin with renewable, clean power from an area traditionally better known for oil, ranching and farming.

The project’s developer, Renewable Energy Systems Americas Inc., is beginning construction of the Hackberry wind farm in Shackelford County 30 miles northeast of Abilene this month, and is scheduled to complete it by December. The project will annually produce power sufficient for 39,000 homes and avoid 389,000 tons a year in greenhouse gas emissions, compared to equivalent fossil fuel generation....MORE